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PALACE

Active
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 201511 yrs activeGroene Hofstraat 25, 2850 Boom, BelgiumKBO/BCE: BE 0632.766.830
Summary

PALACE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€2,733) and a net result of -€1,327. Equity is shrinking by ~51.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 142% of total assets, and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-42%
Return on assets
-20.4%
Age of the figures
21 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€2,733
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-03-2026, 243 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
243 d late
2023
59 d late
2022
60 d late
2021
102 d late
2020
61 d late
2019
69 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 99 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

PALACE was incorporated on 26 June 2015.1 Total assets went from EUR 6,515 in 2018 to EUR 6,510 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€2,733▼ 94.4%
2023 · -€1,406
Total assets
€6,510=
2023 · €6,510
Net result
-€1,327▼ 0.4%
2023 · -€1,321
Working capital
-€4,496▼ 26.7%
2020 · -€3,547
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€1,373▼ 17.5%-€1,253▲ 8.8%-€1,326▼ 5.8%-€1,307▲ 1.4%-€1,268▲ 3.0%
Net result-€1,373▲ 0.2%-€1,296▲ 5.6%-€1,404▼ 8.3%-€1,321▲ 5.9%-€1,327▼ 0.4%
Equity€2,615▼ 34.4%€1,319▼ 49.6%-€85-€1,406▼ 1,560%-€2,733▼ 94.4%
Total assets€6,515=€6,521▲ 0.1%€6,510▼ 0.2%€6,510=€6,510=
Debt€3,899▲ 54.4%€5,202▲ 33.4%€6,595▲ 26.8%€7,916▲ 20.0%€9,243▲ 16.8%
Working capital-€3,547▼ 40.7%-€4,496▼ 26.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€1,500-€1,000-€500€0Operating result 2020: -€1,373-€1,373Net result 2020: -€1,373-€1,373Operating result 2021: -€1,253-€1,253Net result 2021: -€1,296-€1,296Operating result 2022: -€1,326-€1,326Net result 2022: -€1,404-€1,404Operating result 2023: -€1,307-€1,307Net result 2023: -€1,321-€1,321Operating result 2024: -€1,268-€1,268Net result 2024: -€1,327-€1,32720202021202220232024-€1,500-€1,000-€500€0Operating result 2022: -€1,326-€1,330Net result 2022: -€1,404-€1,400Operating result 2023: -€1,307-€1,310Net result 2023: -€1,321-€1,320Operating result 2024: -€1,268-€1,270Net result 2024: -€1,327-€1,330202220232024
The operating result stays negative: a loss of €1,268 in 2024 against €1,307 in 2023; the loss shrinks.
Key figures and ratios
2024 value · change against 2023
Solvency
-42.0%▼
2023 · -21.6%
Debt to equity
-3.38▲
2023 · -5.63
ROA
-20.4%▼
2023 · -20.3%
Debt ≤ 1 year
€9,243▲
2023 · €7,423
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 27 lines
Balance sheet Code20232024
Assets
Total assets20/58€6,510€6,510=
Fixed assets21/28€6,510€6,510=
Financial fixed assets28€6,510€6,510=
Equity and liabilities
Total equity and liabilities10/49€6,510€6,510=
Equity10/15-€1,406-€2,733▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€11,406-€12,733▼
Amounts payable17/49€7,916€9,243▲
Amounts payable within one year42/48€7,423€9,243▲
Financial debts43€3€8▲
Credit institutions430/8€3€8▲
Trade debts44€6,308€8,123▲
Suppliers440/4€6,308€8,123▲
Other amounts payable47/48€1,112€1,112=
Accrued charges and deferred income492/3€493-
Income statement Code20232024
Other operating charges640/8€557€760▲
Gross operating margin9900-€750-€508▲
Operating profit (loss)9901-€1,307-€1,268▲
Financial income75/76B€75-
Recurring financial income75€75-
Financial charges65/66B€89€59▼
Recurring financial charges65€89€59▼
Profit (loss) for the period before taxes9903-€1,321-€1,327▼
Profit (loss) for the period9904-€1,321-€1,327▼
Profit (loss) for the period to be appropriated9905-€1,321-€1,327▼
Appropriation of the result
Profit (loss) to be appropriated9906-€11,406-€12,733▼
Profit (loss) brought forward from the previous period14P-€10,085-€11,406▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€503€517€557€760▲ 36.4%
Gross operating margin9900-€871-€749-€809-€750-€508▲ 32.3%
Operating profit (loss)9901-€1,373-€1,253-€1,326-€1,307-€1,268▲ 3.0%
Financial income75/76B--€25€75--
Recurring financial income75--€25€75--
Financial charges65/66B-€44€103€89€59▼ 34.1%
Recurring financial charges65€0€44€103€89€59▼ 34.1%
Profit (loss) for the period before taxes9903-€1,373-€1,296-€1,404-€1,321-€1,327▼ 0.4%
Profit (loss) for the period9904-€1,373-€1,296-€1,404-€1,321-€1,327▼ 0.4%
Profit (loss) for the period to be appropriated9905-€1,373-€1,296-€1,404-€1,321-€1,327▼ 0.4%
Line20202021202220232024Change
Assets
Total assets20/58€6,515€6,521€6,510€6,510€6,510=
Fixed assets21/28€6,510€6,510€6,510€6,510€6,510=
Financial fixed assets28€6,510€6,510€6,510€6,510€6,510=
Current assets29/58€5€11----
Cash at bank and in hand54/58€5€11----
Equity and liabilities
Total equity and liabilities10/49€6,515€6,521€6,510€6,510€6,510=
Equity10/15€2,615€1,319-€85-€1,406-€2,733▼ 94.4%
Contributions10/11-€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14-€7,385-€8,681-€10,085-€11,406-€12,733▼ 11.6%
Amounts payable17/49€3,899€5,202€6,595€7,916€9,243▲ 16.8%
Amounts payable within one year42/48€3,552€4,507€6,135€7,423€9,243▲ 24.5%
Financial debts43--€7€3€8▲ 216%
Credit institutions430/8--€7€3€8▲ 216%
Trade debts44€3,552€4,507€5,016€6,308€8,123▲ 28.8%
Suppliers440/4-€4,507€5,016€6,308€8,123▲ 28.8%
Other amounts payable47/48--€1,112€1,112€1,112=
Accrued charges and deferred income492/3-€695€460€493--
Line20202021202220232024Change
Profit (loss) for the period9904-€1,373-€1,296-€1,404-€1,321-€1,327▼ 0.4%
Operating cash flow (approximation)-€1,373-€1,296-€1,404-€1,321-€1,327▼ 0.4%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€6----

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 243 days late
2024
28-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
29-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial Weakest financial yearnet -€1,404
Net result drops to -€1,404, the lowest in the series; recovery starts the following year.
10-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 102 days late
2021
30-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
08-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
06-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
07-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
27-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Boom
exact location from the address register On OpenStreetMap
Ground area
458 m²
Building footprint
338 m²
Volume, LiDAR
2,881 m³
Parcel 11005B0157/00S000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11005B0157/00S000 Flanders 458 m² 1 · 338 m² 11.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of PALACE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded26-06-2015
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.